Aston Martin has confirmed that it will float on the London Stock Exchange, probably within the next few weeks.
This comes after the sports-car manufacturer achieved record profits.
Today, registration documents have been submitted for approval to the Financial Conduct Authority, and a prospectus is scheduled to be published on or around 20 September.
The formal launch of the company's Initial Public Offering (IPO) will see up to £1 billion of shares (worth an estimated 25% share) in the firm offered for sale.
This floatation will doubtless aid Aston Martin's expansion plans, which include the construction of an all-new plant in St Athan, South Wales, which is due to open next year.
“Today’s announcement represents a key milestone in the history of the company, which is reporting strong financial results and increased global demand for its award-winning sports cars," said Dr Andy Palmer, Aston Martin Lagonda’s President and Chief Executive Officer.
"As we continue to execute our Second Century Plan, combining a product offensive and expanding manufacturing footprint, we have the resources and balance sheet strength to continue delivering on our growth strategy."
See more on our sister site Autocar.
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